Management's most important responsibility is long-term survival (not just maximizing profits),which is achieved by satisfying the interests of multiple corporate stakeholders. What type of model does this statement represent?
A)economic
B)stakeholder
C)societal
D)shareholder

Question

Management's most important responsibility is long-term survival (not just maximizing profits),which is achieved by satisfying the interests of multiple corporate stakeholders. What type of model does this statement represent?
A)economic  
B)stakeholder  
C)societal  
D)shareholder

Quizplus · Accepted Answer

The statement represents the stakeholder model, which emphasizes that the long-term survival of a company can be achieved by satisfying the interests of multiple stakeholders, including customers, employees, suppliers, and the community, rather than solely focusing on maximizing profits for shareholders.

Management's Most Important Responsibility Is Long-Term Survival (Not Just Maximizing